House Prices Increase

March 24th,2014

The Real Estate Institute of Australia (REIA) has released the June quarter Real Estate Market Facts report which shows improved performance in the Australian residential property market compared to the previous quarter.

REIA Acting President Ms Pamela Bennett said, “House and other dwelling median prices increased by 1.2 per cent to $541,188 and 0.5 per cent $430,230 respectively. These are the largest increases recorded since the September quarter of 2010.”